The history of financial services

The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge.

Companies usually have two distinct approaches to this new type of business. One approach would be a bank which simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the acquisition to its holding company simply to diversify its earnings. Outside the U.S. (e.g., in Japan), non-financial services companies are permitted within the holding company. In this scenario, each company still looks independent, and has its own customers, etc. In the other style, a bank would simply create its own brokerage division or insurance division and attempt to sell those products to its own existing customers, with incentives for combining all things with one company.

Latest News for: financial service companies

Frost & Sullivan's recent analysis, The Role of Bots in FinancialServices, 2018, examines the scope of applications of bots in the global financialservices industry and their impact on the industry ...Adoption of bots by financialservices firms is on the rise, and strong growth opportunities include....

Broadhaven is an independent merchant bank advising and investing in financialservices... Broadhaven invests in early-stage companies at the intersection of financialservices and technology, and creates value through long-term partnerships with exceptional companies and management teams....

“Most of the push-back to Sebi’s response comes from the fact that L&T’s consolidated debt includes the debt of its financialservices vertical — L&T Finance Holdings and L&T Finance (the operating company) ... it is not so for companies in the financialservices space....

FinancialServicesCommission Chairman Choi Jong-ku, right, unveils plans to ease rules for investment companies for startups at a meeting in Gimpo, GyeonggiProvince, Monday ... said small tech companies find it extremely hard to raise funds from investors in the capital market....

MET, +0.58% through its subsidiaries and affiliates, is one of the world’s leading financialservicescompanies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world....

"In addition to leading the development and execution of global media programs for some of the world's leading financialservicescompanies, Meghan has adeptly transferred her knowledge to a diverse group of brands and industries, recognizing the value of performance-based, data-driven marketing," added Dome....

...financial statements”, the buyback offer is not in compliance with the CompaniesAct and Sebi norms, the regulator said in a letter to the company ... The global financialservices firm believes that the company may explore alternative methods to redistribute excess capital....

... after buyback (assuming full acceptance) would be more than twice the paid-up capital and free reserves of the company based on consolidated financial statements" ... Adding that it believes the regulator's view to consolidate debt of L&T FinancialServices is too conservative....

The ombud for FinancialServices Providers recently ruled against a firm of financial advisers that failed to inform a client correctly on an insurance policy ... Mr BN was assisted by Coler FinancialServices to source insurance for the vehicle, which was subsequently secured with Renasa InsuranceCompany....